Yesterday evening, the U.S. Treasury Department and Small Business Administration issued further guidance for the CARES Act’s Paycheck Protection Program (PPP), which will provide up to $350 billion in fully forgivable loans to help small businesses maintain payrolls during the coronavirus pandemic. >> Read More
The program is set to formally launch today and will be available to qualified applicants until the funds are exhausted. Please refer to our previous COVID-19 update for application materials for borrowers and guidance on the process. PCA will be hosting a webinar to walk through the full slate of available relief measures for retail businesses on Wednesday, April 8 at 3 pm EDT. Register here.
Click here for additional information about the Paycheck Protection Program (PPP).